What you will find on this page: LATEST NEWS; climate changes and (US) security issues; REPORT: Conflict vs Climate; cost of sanctioned violence (video); trends in military spending; climate change as a stressor; security & national interests (video); REPORT: Combat vs Climate; sanctioned violence; battle for resources
Latest News 29 November 2017, The Guardian, banks warned of ‘regulatory action’ as climate change bites global economy Australian Prudential Regulation Authority says it is quizzing companies about their actions to assess climate risks. Australia’s financial regulator has stepped-up its warning to banks, lenders and insurers, saying climate change is already impacting the global economy, and flagged the possibility of “regulatory action”. Geoff Summerhayes from the Australian Prudential Regulation Authority (Apra) revealed it had begun quizzing companies about their actions to assess climate risks, noting it would be demanding more in the future. Apra also revealed it has established an internal working group to assess the financial risk from climate change and was coordinating an interagency initiative with the corporate watchdog Asic, the Reserve Bank of Australia (RBA) and federal Treasury to examine what risks climate change was posing to Australia’s economy. In February, Summerhayes put banks, lenders and insurance companies on notice, urging them to start adapting to climate change and warning that the regulator would be “on the front foot on climate risk”. Now, in the first significant update to Apra’s thinking on the topic since that speech, Summerhayes said Apra’s view was that climate change and society’s response to it “are starting to affect the global economy”. In an extended version of a speech to the progressive Centre for Policy Development, and circulated to journalists ahead of its delivery, Summerhayes said a shift occurring in the global economy was increasingly being driven by commercial imperatives – investments, innovation and reputational factors – rather than what scientists or policymakers are saying or doing. Read More here 29 November 2017, Geoff Summerhayes, Executive Board Member, Australian Prudential Regulation Authority. The Weight of money: A business case for climate risk resilience. Tonight will be the first time I’ve substantially addressed APRA’s thinking around climate risk since a speech I delivered to the Insurance Council of Australia in February this year. My main message then was that APRA believed many climate-related financial risks were no longer future concerns. They were “foreseeable, material and actionable now”. As the prudential regulator, APRA has a clear duty to warn the institutions we regulate if we identify risks that could threaten the interests of Australia’s financial beneficiaries or the As the prudential regulator, APRA has a clear duty to warn the institutions we regulate if we identify risks that could threaten the interests of Australia’s financial beneficiaries or the overall stability of the system. Economic sustainability – the subject of tonight’s address – refers to creating a level of resilience so the economy, and the financial institutions within in it, are well-placed to overall stability of the system. Economic sustainability – the subject of tonight’s address – refers to creating a level of resilience so the economy, and the financial institutions within in it, are well-placed to withstand the challenges they will inevitably confront. That includes new or unexpected risks; whether that be cyber-crime, technological disruption or climate risk…… The Sustainable Insurance Forum’s view, which APRA shares, is that climate change and – here’s the crucial bit – society’s responses to it – are starting to affect the global economy. APRA is not a scientific body, and I can’t say with 100 per cent conviction to what extent scientists’ predictions of increasing temperatures, rising sea levels, more frequent droughts and more intense storms will impact the Australian economy. But what I can tell you with absolute certainty is that the transition to a low carbon economy is underway and moving quickly. The weight of money, pushed by commercial imperatives such as investment, innovation and reputational factors, is increasingly driving that shift, rather than scientists or policymakers. Read More here 28 November 2017, Moody’s Investor Service, The growing effects of climate change, including climbing global temperatures, and rising sea levels, are forecast to have an increasing economic impact on US state and local issuers. This will be a growing negative credit factor for issuers without sufficient adaptation and mitigation strategies, Moody’s Investors Service says in a new report. The report differentiates between climate trends, which are a longer-term shift in the climate over several decades, versus climate shock, defined as extreme weather events like natural disasters, floods, and droughts which are exacerbated by climate trends. Our credit analysis considers the effects of climate change when we believe a meaningful credit impact is highly likely to occur and not be mitigated by issuer actions, even if this is a number of years in the future. Climate shocks or extreme weather events have sharp, immediate and observable impacts on an issuer’s infrastructure, economy and revenue base, and environment. As such, we factor these impacts into our analysis of an issuer’s economy, fiscal position and capital infrastructure, as well as management’s ability to marshal resources and implement strategies to drive recovery. Extreme weather patterns exacerbated by changing climate trends include higher rates of coastal storm damage, more frequent droughts, and severe heat waves. These events can also cause economic challenges like smaller crop yields, infrastructure damage, higher energy demands, and escalated recovery costs. Read More here 27 November 2017, Climate Home News. Cleaner coolants fund gets $540m – and US backing. Rich countries will pay $540 million over three years into a fund to support a shift to cleaner coolants, under a deal agreed in Montreal on Saturday. Notably, the US is set to contribute $37m, despite the Trump administration’s hostility to multilateral environmental agreements. It comes as the 1987 Montreal Protocol pivots from its initial focus on the ozone layer to addressing the climate impact of chemicals used in fridges and air conditioners. State department official Judith Garber said the US was starting the process to ratify the Kigali Amendment to the protocol, which sets a phasedown path for HFCs, a group of potent warming gases produced by these appliances. In a speech on Thursday that did not mention climate change, she hailed the Kigali Amendment’s “pragmatic and balanced approach” to reducing HFCs’ “environmental impact”. US chemical companies like Honeywell and Dow support the deal, seeing an opportunity to sell climate-friendly alternatives. The Kigali Amendment will enter into force on 1 January 2019, after Sweden became the twentieth country to ratify it on 17 November. Developing countries like India made clear their backing for an HFC phasedown depended on finance to help their chemical manufacturers switch to substitutes. Gaby Drinkwater of Christian Aid said in a statement: “Developing nations are where the demand growth in air conditioning systems will come from as the planet gets hotter. No one wants to see this demand creating a vicious cycle of rising greenhouse gas emissions.” David Doniger of the Natural Resources Defense Council wrote in a blog that developing countries appeared “optimistic” the funds were adequate. Read More here End Latest News US/DNI Releases Report on Implications of Climate Change on National Security 19 September 2016, American Security Project: The National Intelligence Council, part of the Office of the Director of National Intelligence, has just released a new White Paper titled “Implications for U.S. national security of Anticipated Climate Change.” The report analyzes the potential effects of climate change on national security in the coming 20 years. The report uses previous IPCC reports as a scientific baseline for analysis. The report begins with a strong assertion of the dangers of climate change for societies, economies, and governments across the world: t goes on to list some of the pathways to “wide-ranging national security challenges for the United States and other countries,” including “threats to the stability of countries, adverse effects on food prices and availability, and negative impacts on investments and economic competitiveness.” The report gives possible time-frames for these emerging national security challenges, suggesting that based on “changing trends in extreme weather,” the future will almost certainly hold more “climate related disruptions.” The majority of climate change-related risks to U.S. national security in the next five years will come from “distinct extreme weather events”, and “the exacerbation of currently strained conditions,” including water shortages. The report comes after years of significant research inside and outside of the government on climate security. The National Intelligence Council last released a report on this issue in 2009. Many in the security community have spoken on the emerging national security risks posed by climate change. ASP and countless other organizations have urged policy makers not to underestimate the security challenges posed by climate change and the rising seas. Read More here and access full report here Since man first became aware of his neighbours “resources” war or more precisely “sanctioned violence” has been the mechanism for obtaining from others what you believe should be rightly yours. The battle for resources is not new and continues unabated in our supposed “civilised” world of today. With all the misery, lost lives, displaced peoples, wasted resources that war produces climate change has now added to this already complex mess. And as pressure builds to keep fossil fuels in the ground the battles to access and use them more apparently goes on. A bit like Golum and his “precious”…..What on earth are they thinking! There are many direct and indirect ramifications of war – all of which distract/undermine the capacity of the global community to respond in a concerted and positive way to the pandora’s box of climate change. Source: Center for Naval Analysis The cost of sanctioned violence Environmental Costs: The impact of the wars in Iraq, Afghanistan and Pakistan can be seen not only in the social, economic and political situations of these areas but also in the environments in which these wars have been waged. The long years of war have resulted in a radical destruction of forest cover and an increase in carbon emissions. In addition, the water supply has been contaminated by oil from military vehicles and depleted uranium from ammunition. Along with the degradation of the natural resources in these countries, the animal and bird populations have also been adversely affected. Read More here And what has this to do with climate change? It is adding to the problem. Human Costs: UNHCR’s annual Global Trends report, which is based on data compiled by governments, non governmental partner organizations, and from the organization’s own records, shows 51.2 million people were forcibly displaced at the end of 2013, fully six million more than the 45.2 million reported in 2012. “We are seeing here the immense costs of not ending wars, of failing to resolve or prevent conflict,” said UN High Commissioner for Refugees Antonio Guterres. “Peace is today dangerously in deficit. Humanitarians can help as a palliative, but political solutions are vitally needed. Without this, the alarming levels of conflict and the mass suffering that is reflected in these figures will continue.” Read More here. Access Global Emergency Overview here. Civilians Killed and Wounded:The ongoing conflicts in Iraq, Afghanistan and Pakistan have taken a tremendous toll on the people of those countries. At the very least, 174,000 civilians have been determined to have died violent deaths as a result of the war as of April 2014. The actual number of deaths, direct and indirect, as a result of the wars are many times higher than this figure. And what has this to do with climate change? It is often stated that the “vulnerable” are the ones that will suffer the most in facing the impacts of climate change as they have not the resources or resilience to adapt or “bounce back”. The futility of war has literally placed over 50 million people, to date, into this vulnerable category and have denied them the opportunity to be part of the solution. A loss that the rest of the world must cover. Economic Costs: A quote from James Madison, Political Observations, 1795: “Of all the enemies to public liberty war is, perhaps, the most to be dreaded because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes … known instruments for bringing the many under the domination of the few.… No nation could preserve its freedom in the midst of continual warfare.” Nothing much has changed in 200+ years has it? Trends in World Military Expenditure 2014 Total world military expenditure in 2014 was $1776 billion. This is equivalent to 2.3 per cent of global GDP. According to the SIPRI Military Expenditure Database, Australia is ranked at number 13 as the biggest spender for 2014.Total Australia spending AUD29.3 billion ($b.,MER) 25.4. Share of GDP 1.8%. Share of world military expenditure 1.4% Source: From 13 April 2015 the SIPRI Military Expenditure Database includes newly released information on military expenditure in 2014. This Fact Sheet describes the global, regional and national trends in military expenditure that are revealed by the new data. Look at the following map of the 15 leaders in military expenditure – and what questions come to your mind? Access map for further details here Trends in World Military Expenditure 2014 A sign of things to come? Climate change impacts becoming a “stressor” in conflicts Did Drought Trigger The Crisis In Syria? What caused the conflict in Syria to erupt when it did, pushing citizens from discontent with the regime to outright rebellion? One possibility is that environmental factors, particularly a long-lasting drought, helped ignite the crisis. Drought affected north-eastern Syria (as well as adjacent regions in Turkey and Iraq) from 2006 to 2011 and resulted in widespread food insecurity, malnutrition, internal displacement from agricultural areas, and the creation of shanty towns on the edges of cities. Read More here National/global security issues and climate change If the deniers want us to believe that climate change is a fabrication and it isn’t a problem then they forgot to convince those “looking after” the security interests of governments. Following are a number of reports that indicate that they are treating climate change as a high profile security issue. 5 October 2016. The Military and Climate Security Budgets Compared. Fifteen of the sixteen hottest years ever recorded have occurred during this new century, and the near-unanimous scientific consensus attributes the principal cause to human activity. The U.S. military’s latest National Security Strategy says that climate change is “an urgent and growing threat to our national security, contributing to increased natural disasters, refugee flows, and conflicts over basic resources like food and water.” What they don’t say is that the overall balance of U.S. security spending should be adjusted to fit that assessment. And we know less about how much we are spending on this urgent threat than we used to, since the federal government hasn’t produced a climate security budget since 2013. In this new report, Combat vs. Climate, the Institute for Policy Studies steps in to provide the most accurate climate change security budget currently available, drawing data from multiple agencies. And it looks at how these expenditures stack up within our overall security budget. Then, the report ties the military’s own assessment of its urgent threats to a budget that outlines a “whole of government” reapportionment that will put us on a path to averting climate catastrophe. This is our status quo: As global temperatures hit one record after another, the stalemate in Congress over funding to respond continues. Climate scientists warn that, as in Syria, unless the global greenhouse gas buildup is reversed, the U.S. could be at risk for conflicts over basic resources like food and water. Meanwhile, plans to spend $1 trillion to modernize our entire nuclear arsenal remain in place, and projected costs of the ineffective F-35 fighter jet program continue to climb past $1.4 trillion. Unless we get serious about moving the money, alarms from all over about the national security dangers of climate change will ring hollow. Access article here. Access report here. From the Center for Naval Analysis. In the videos below, CNA Corporation Military Advisory Board (MAB) members discuss the new report, National Security and the Accelerating Risks of Climate Change. In the first video, Brigadier General Gerald Galloway details how climate change impacts American national security and military readiness, affecting the lives of thousands of military personnel and American civilians around the U.S. In the second video, Admiral Frank “Skip” Bowman emphasizes how climate change is already impacting our national security and international military dynamics. The work of the MAB has been important in advancing the understanding that energy choices are not future threats—they are taking place now—and that actions to build resilience against the projected impacts of climate change are required today. US: National Security and the Accelerating Risks of Climate Change (2014): As a follow-up to its landmark 2007 study on climate and national security, the CNA Corporation Military Advisory Board’s National Security and the Accelerating Risks of Climate Change re-examines the impact of climate change on U.S. national security in the context of a more informed, but more complex and integrated world. The Board’s 2007 report described projected climate change as a “threat multiplier.” In this report the 16 retired Generals and Admirals who make up the board look at new vulnerabilities and tensions posed by climate change, which, when set against the backdrop of increasingly decentralized power structures around the world, they now identify as a “catalyst for conflict.” US 2014 Quadrennial Defense Review: A rather chilling document (a quote: ” The rapidly accelerating spread of information is challenging the ability of some governments to control their populations and maintain civil order.”) Note risk of climate change exec summary and pages 8 & 25. The impacts of climate change may increase the frequency, scale, and complexity of future missions, including defense support to civil authorities, while at the same time undermining the capacity of our domestic installations to support training activities… Climate change poses another significant challenge for the United States and the world at large…. Climate change may exacerbate water scarcity and lead to sharp increases in food costs. The pressures caused by climate change will influence resource competition while placing additional burdens on economies, societies, and governance institutions around the world. These effects are threat multipliers that will aggravate stressors abroad such as poverty, environmental degradation, political instability, and social tensions – conditions that can enable terrorist activity and other forms of violence.….The Department’s operational readiness hinges on unimpeded access to land, air, and sea training and test space. Consequently, we will complete a comprehensive assessment of all installations to assess the potential impacts of climate change on our missions and operational resiliency, and develop and implement plans to adapt as required. Climate change also creates both a need and an opportunity for nations to work together, which the Department will seize through a range of initiatives. We are developing new policies, strategies, and plans, including the Department’s Arctic Strategy and our work in building humanitarian assistance and disaster response capabilities, both within the Department and with our allies and partners. War – Sanctioned Violence/ protecting national security interest Thus, we take another step deeper into the tragedy of U.S. intervention in the Middle East that has become a noxious farce. Consider just one of the head-spinning subplots: We are allied with our declared enemy, Iran, against the bloody Islamic State, which was spawned from the chaos created by our own earlier decisions to invade Iraq and to overthrow the Assad regime in Syria, which has us fighting side-by-side with jihadist crazies financed by Saudi Arabia, whom we are supporting against the Houthis in Yemen, the bitter rivals of Al Qaeda — the perpetrators of 9/11! Read More here NOTE: For those readers that have got this far, if you wish to explore further the dysfunction of our world you may need to include the vast implications of organised crime and corporate and political corruption and the implications for climate change response as well. Climate change and national security issues
10 November 2015, Yale Connections: Drought, water, war, and climate change” is the title of this month’s Yale Climate Connections video (above) exploring expert assessments of the interconnections between and among those issues. With historic 1988 BBC television footage featuring Princeton University scientist Syukuru (“Suki”) Manabe and recent news clips and interviews with MIT scientist Kerry Emanuel, Ohio State University scientist Lonnie Thompson, CNN reporter Christiane Amanpour, and New York Times columnist and book author Tom Friedman, the six-minute video plumbs the depths of growing climate change concerns among national security experts. Source: Yale Connections
And what has this to do with climate change? It goes with out saying that responding to climate change and transforming the energy and economic systems of the world in a carbon restricted world would be made a lot easier on everyone if military budgets were focused on what could help the world rather than plunder it.